Corporate Compliance Plan for Riordan Manufacturing, Inc. Business Plan by SBurtis

Corporate Compliance Plan for Riordan Manufacturing, Inc.
An internal memo that designs a corporate compliance plan for Riordan Manufacturing, Inc.
# 152676 | 1,038 words | 3 sources | APA | 2012 | US
Published on Apr 15, 2013 in Business (Law) , Business (Management) , Business (Human Resources)


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Description:

This paper is formatted as an internal memo to a fictional company on the design of a corporate compliance plan. The paper provides an overview of Riordan Manufacturing, Inc., outlines its corporate structure, discusses the purpose of this corporate compliance program and addresses an alternative dispute resolution plan in case of conflicts or disagreements. The paper explains the company's responsibility to follow all rules and regulations for production and also looks at Riordan's intellectual property and rights to tangible property. Finally, the paper considers the responsibility of Riordan to familiarize the company and its employees with all processes, laws, and cultural norms related to shipping to different international ports.

Outline:
Organization Overview
Corporate Structure
Purpose
Alternative Dispute Resolution (ADR)
Product and Enterprise Liability
Intellectual and Tangible Property
International Law

From the Paper:

"It is vital to the organization that the rules and regulations agreed upon at the time of formation are strictly adhered to by all involved parties. However, change is sometimes necessary, and should resolutions not be forthcoming due to conflicts or disagreements, an alternative dispute resolution plan will be implemented. This form of mediation will save the company both time and money. All contracts with clients, vendors, and other parties shall also include an ADR clause that can be amended as needed. All parties shall agree to try to resolve their conflicts and/or disagreements in good faith with regard to Riordan Manufacturing and all current and future projects.
"Within three days of any dispute, affected parties shall contact their immediate supervisor(s) directly, verbally, or in writing in order to negotiate and initiate the conflict resolution procedure. If any of the conflicting parties fails to participate in the negotiations or a resolution is not reached within two days of initiating the resolution process, all parties agree to proceed with conflict mediation. The mediation process shall not exceed three days with the entire conflict/negotiation process not to exceed seven days. The mediation process may be initiated within one day of unsuccessful negotiations. All parties agree to appoint a mediator and agree that any costs or fees related to the mediation process shall be split between the conflicting parties."

Sample of Sources Used:

  • Committee of Sponsoring Organizations of the Treadway Commission (COSO). (2004). Enterprise risk management - integrated framework: Executive summary. Retrieved from http://coso.org/documents/COSO_ERM_ExecutiveSummary.pdf
  • Corporate compliance program model. (2011). U.S. Department of Transportation. Retrieved from http://www.fhwa.dot.gov/construction/cqit/compmodl.cfm
  • Riordan Manufacturing. (2012). Virtual Organizations Portal. University of Phoenix. Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Riordan/Internet/index.asp
  • Saner, R.J., Spindel, M., & Nordeng, A. (2000). Understanding compliance: A program guide based on the Oig 2000 guidance. Englewood: Medical Group.

Cite this Business Plan:

APA Format

Corporate Compliance Plan for Riordan Manufacturing, Inc. (2013, April 15) Retrieved February 22, 2020, from https://www.academon.com/business-plan/corporate-compliance-plan-for-riordan-manufacturing-inc-152676/

MLA Format

"Corporate Compliance Plan for Riordan Manufacturing, Inc." 15 April 2013. Web. 22 February. 2020. <https://www.academon.com/business-plan/corporate-compliance-plan-for-riordan-manufacturing-inc-152676/>

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